The Compound and Friends

How Neil Dutta Predicted "No Landing"

Jan 26, 2024

Neil Dutta, an expert in economics and finance, joins Michael Batnick and Downtown Josh Brown in episode 127 of The Compound and Friends. They discuss the resiliency of the US economy, the Fed's next move, the housing market, politics and the market, when sell side research is most useful, and more! They also explore the potential changes in global markets and the impact on large cap tech companies. Additionally, they delve into social media management, consumer behavior, and the correlation between consumer sentiment and election outcomes.

01:14:20

Episode guests

Neil Dutta

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Quick takeaways

The resilience of the US economy is evident through continued consumer spending despite increased prices, supported by economic and income growth.

The labor market is rebalancing, leading to positive wage growth and contributing to overall economic growth.

Hard economic data and understanding the broader economic context are more reliable in analyzing economic trends compared to subjective indicators like consumer sentiment.

Deep dives

Consumer spending remains strong despite rising prices

Despite the increase in prices, consumers have continued to spend and retail sales have exceeded trend levels, indicating a strong US economy. The resilience of consumer spending can be attributed to continued economic growth and nominal income growth, supporting sustained spending. This suggests that consumers are forward-looking in their spending behavior and are not changing their habits unless faced with job loss.

Staying Relevant in Economic Analysis

01:29

Seizing Opportunities Over Constant Hedging

01:28

Focus on Private Domestic Demand in GDP Analysis

01:25

Fundamentals Over Technicals in Equity Market Analysis

00:22

Introduction

2min

Updates from PayPal

4min

Interpreting Economic Indicators and Forward-Looking Information

3min

Entering a New Era for Global Markets: Future Outlook and Announcement

2min

Social Media Management and Decision-Making

21min

The Resilience of Consumer Behavior and the Potential for a Level Shift in Consumer Spending

19min

Consumer Sentiment and Election Outcomes

23min

On episode 127 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Neil Dutta to discuss: the resiliency of the US economy, the Fed's next move, the housing market, politics and the market, when sell side research is most useful, and much more!

Thanks to Kraneshares for sponsoring this episode. Learn more about the Kraneshares firm outlook for 2024 at: https://kraneshares.com/

Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com

Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information.

Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here:

https://ritholtzwealth.com/podcast-youtube-disclosures/

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The Compound and Friends

How Neil Dutta Predicted "No Landing"

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Consumer spending remains strong despite rising prices

Labor market shows positive wage growth and stable jobless claims

Indicators like consumer sentiment and leading economic indicators are not reliable measures

Fed may cut rates despite strong market performance

Economy relies more on income than credit

Consumer sentiment and incumbent vote share correlation

Staying Relevant in Economic Analysis

Seizing Opportunities Over Constant Hedging

Focus on Private Domestic Demand in GDP Analysis

Fundamentals Over Technicals in Equity Market Analysis

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

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AI-powered
podcast player

Discover
highlights

The Compound and Friends

How Neil Dutta Predicted "No Landing"

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Consumer spending remains strong despite rising prices

Labor market shows positive wage growth and stable jobless claims

Indicators like consumer sentiment and leading economic indicators are not reliable measures

Fed may cut rates despite strong market performance

Economy relies more on income than credit

Consumer sentiment and incumbent vote share correlation

Staying Relevant in Economic Analysis

Seizing Opportunities Over Constant Hedging

Focus on Private Domestic Demand in GDP Analysis

Fundamentals Over Technicals in Equity Market Analysis

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Save anymoment

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